Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
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Egypt launches round with Schlumberger digital platform
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
North Sea firms see shares jump on oil price rally
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Driller Noble rolls out Aberdeen firm’s app across fleet
Drilling contractor Noble Corporation has rolled out an Aberdeen technology firm’s new safety observation app across its fleet.
Worley job cuts reach 11,400 since start of pandemic
Engineering giant Worley has confirmed its job cuts total since the start of the Covid pandemic has reached 11,400.
Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
Schlumberger study brings ‘significant uplift’ to Buchan resources for Jersey
A Schlumberger study has brought a “significant uplift” to resource estimates at the Buchan oilfield in the North Sea, Jersey Oil and Gas (JOG) has announced.
Schlumberger reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Equinor awards wireline deals to Archer and Altus
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Shell sells OML 17 stake for $533mn
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
ReconAfrica spuds first Namibia well
Reconnaissance Energy Africa has begun drilling its first well in Namibia’s Kavango Basin.
North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
OGUK appoints Schlumberger, Repsol Sinopec and Kellas bosses to board
Oil and Gas UK (OGUK) has brought on bosses at Schlumberger, Repsol Sinopec and Kellas Midstream to its board as it looks ahead to 2021.
Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
KMS hoping to reap rewards of hefty investment in new kit
Bosses at a north-east precision engineering firm are hoping more oil and gas industry projects kick into gear next year after making hefty investments in new kit.
Plexus looks to ‘signs of recovery’ despite revenues taking a nosedive
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Schlumberger boss says Covid a ‘good test’ as end of Brexit transition period looms
A boss at Schlumberger has said Covid-19 was a “good test” for the oilfield service giant as it “braces” itself for the end of the Brexit transition period.
Baker Hughes leads oil field services firms on emissions reduction targets
Baker Hughes has the “most ambitious” emissions reduction targets of the major oil and gas services firms, a new report has found.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Plexus lands Schlumberger deal for wellhead tech through to 2030
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Baker Hughes cuts headcount by 15% in latest hit for the industry
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Schlumberger completes plan to axe 21,000 jobs
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
Aberdeen University nanotechnology project to boost North Sea gas production
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
Step Change in Safety adds BP and Schlumberger bosses to leadership team
Step Change in Safety has added bosses from BP and Schlumberger to its leadership roster.
Revolution of data infrastructure
While working for a technology services organisation Schlumberger, I have seen first-hand the way technology has transformed the oil and gas industry from every angle throughout my working life.